At a meeting commemorating the UN Day for South-South Cooperation, Mohammed said "Developing countries have become key actors to implement the Sustainable Development Agenda and that their leadership, practices and experiences have played a major part in global transformation."
She said "the diversity and richness of the developing countries` practices and experiences, the lessons they offer for building common agendas at the global and regional levels, and the leadership they promote, particularly at the local level, have played a major part in global transformation."
Particularly, she noted that the increase in world trade during the last decade was largely driven by the rise of trade between developing countries.
Moreover, new multilateral institutions have been established and they have devoted to South-South cooperation, and especially the financing of these activities, she said, giving the Asian Infrastructure Investment Bank and the New Development Bank as examples.
To further promote South-South cooperation, the UN deputy chief stressed "We must identify and encourage the areas where South-South cooperation can be most effective and have lasting impact."
Reporter: Antara
Editor: Chaidar Abdullah
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